EQS-News: PJSC Mechel : Mechel Reports 2020 Operational Results
vom 11.03.2021, 10:00 Uhr
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PJSC Mechel : Mechel Reports 2020 Operational Results
11.03.2021 / 12:00 MSK
MECHEL REPORTS 2020 OPERATIONAL RESULTS
Moscow, Russia - 11 March 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 2020 operational results.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented on operational results. Amid a backdrop of the coronavirus pandemic, last year was extremely uneven and perhaps the most complicated for industrialists since the 2008 financial crisis. Mechel Group survived this situation fairly well - we did not halt any of our facilities, we preserved our staff and did not revamp our production plans.
EQS-News: PJSC Mechel : Mechel Reports the FY2020 Financial Results
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EQS-News: PJSC Mechel: Mechel Reports the FY2020 Financial Results
PJSC Mechel: Mechel Reports the FY2020 Financial Results
11.03.2021 / 14:00 MSK
MECHEL REPORTS THE FY2020 FINANCIAL RESULTS
Consolidated revenue - 265.5 bln rubles (-8% compared to FY 2019)
EBITDA[ ] - 41.1 bln rubles (-23% compared to FY 2019)
Profit attributable to equity shareholders of Mechel PAO - 808 mln rubles
Moscow, Russia - March 11, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the FY 2020.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented: The Group s consolidated revenue in 2020 totaled 265.5 billion rubles, which is 8% less compared to 2019. EBITDA amounted to 41.1 billion rubles, which is 23% less year-on-year.